Reinsurance News
Beazley Security goes live as an integrated cyber risk management firm
25th June 2024
Beazley Security has gone live as an integrated cyber risk management company following the merger, announced in February 2024, of Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone. Beazley Security has launched with an expanded portfolio of services, including a new Managed eXtended Detection & ... Read the full article
Allan Murley joins Sompo as UK Head of Distribution, Insurance
25th June 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has appointed Allan Murley as Head of Distribution, Insurance for the United Kingdom (UK). Based in London, Murley will be responsible for overseeing the coordination, development and delivery of Sompo’s UK distribution activities across the London Market and regionally. He ... Read the full article
E&S startup Dellwood Specialty gets AM Best rating
25th June 2024
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Dellwood Specialty, a startup excess and surplus (E&S) lines insurance company targeting small- and medium-size enterprise risks exclusively through wholesale brokers and program administrators. The outlook assigned to these ... Read the full article
Ascot names Michael Sevi as Group General Counsel
25th June 2024
Ascot Group Limited, the Bermuda-domiciled global specialty insurer, has appointed Michael Sevi as Ascot Group General Counsel, reporting to Group Chief Executive Officer and President, Jonathan Zaffino. Simultaneously, the insurer has also promoted John Gill to the role of U.S. General Counsel, with immediate effect. Sevi’s remit at the firm will be ... Read the full article
Shaun Russ appointed Head of Crisis Management, London Market at Tokio Marine HCC
25th June 2024
Tokio Marine HCC (TMHCC) – Specialty Group, a division of the Tokio Marine HCC group, has announced the appointment of Shaun Russ as Head of Crisis Management for the London Market. This announcement coincides with Mark Hutton's promotion to Head of Crisis Management, International, in May 2024. Russ brings over 15 years ... Read the full article
Concirrus unveils sanctions module to complete launch of Quest One platform
25th June 2024
Concirrus, a provider of AI-powered marine insurance intelligence, has unveiled a sanctions module to complete the development and launch of its Quest One platform. Concirrus’ latest sanctions module provides the marine market’s first and only complete risk management solution – Quest One From what we understand, the platform makes Concirrus the only ... Read the full article
Direct Line Group appoints Maz Bown as new Group Chief Risk Officer
25th June 2024
UK-based insurer Direct Line Group (DLG) has recently announced the appointment of Maz Bown to the position of Chief Risk Officer. Her appointment will take effect at the end of 2024, further strengthening DLG’s new management team. In her new role, Bown will oversee the management and control of key risks across ... Read the full article
AM Best affirms Hadron’s credit ratings and upgrades Folgate’s financial strength rating
25th June 2024
AM Best has removed from under review with positive implications and upgraded the credit ratings of Folgate Insurance Company Limited, an US and international hybrid fronting carrier, and affirmed Hadron Specialty Insurance Company’s credit ratings. Folgate’s Financial Strength Rating (FSR) was upgraded to A- (Excellent) from B (Fair) and the Long-Term ... Read the full article
Tia Wilson joins WTW’s Corporate Risk and Broking leadership team
24th June 2024
WTW, a global advisory, broking, and solutions firm, has recently announced the appointment of Tia Wilson as Deputy Regional Leader and Global Client Advocate within Corporate Risk and Broking, North America (CRB NA). As Deputy Regional Leader overseeing the Greater Philadelphia Area, Wilson’s primary focus is accelerating profitable growth in collaboration ... Read the full article
BCIC launches the Caribbean’s first omnichannel insurance on EIS SaaS Platform
24th June 2024
Caribbean general insurer, British Caribbean Insurance Company (BCIC) has launched its omnichannel insurance ecosystem built on the San Francisco-domiciled, EIS cloud-native SaaS platform and implemented by EY. The EIS SaaS platform aims to accelerate speed to market and drive efficiency. The multi-phased roll-out begins in Barbados with plans to expand to ... Read the full article
Ambac launches Tara Hill for E&S liability coverage, led by Peter McKeegan
24th June 2024
Ambac Financial Group (Ambac) has partnered with former Core Specialty Senior Vice President Peter McKeegan to launch a new program administrator, Tara Hill Insurance Services. McKeegan will serve as Tara Hill’s Chief Executive Officer, reporting directly to Naveen Anand, President of Cirrata Group, Ambac’s distribution division. As part of the Cirrata Group, ... Read the full article
Munich Re’s HSB & WINT team up to provide holistic water protection
24th June 2024
HSB, a multi-line specialty insurer and part of reinsurance giant Munich Re, and WINT Water Intelligence, a provider of water management and leak-prevention solutions, have entered into a partnership to deliver holistic water protection. The partnership between the two firms combines WINT's AI-based water management solutions with HSB's expertise in internet ... Read the full article
FloodFlash expands coverage to all mainland US locations
24th June 2024
FloodFlash, the parametric flood insurance provider with sensor technology, has expanded its coverage to all mainland US locations. The company is known for offering flood insurance that exceeds the National Flood Insurance Programme (NFIP) in areas where private markets cannot provide quotes, especially in sectors like real estate, sports and entertainment, ... Read the full article
Vantage appoints Todd Link as Chief Financial Officer
24th June 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Todd Link as Chief Financial Officer (CFO), effective immediately. In his new role, Link will oversee all aspects of Vantage's financial operations, including accounting, financial planning and analysis, and investments. He will be joining the group's leadership team and ... Read the full article
Gallagher Re launches Cyber Academy to attract and develop talent
24th June 2024
Global reinsurance broker, Gallagher Re, has launched its flagship Cyber Academy, designed to attract and nurture promising individuals in the cyber space, providing them with comprehensive and bespoke training in broking, analytics, and cyber security. The Gallagher Re Cyber Academy will offer delegates the opportunity to receive best-in-class training while gaining ... Read the full article
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